GLG Joint Venture Announcement

2010-08-02 15:23:44

Gerard Lighting Group Limited (ASX : GLG), is pleased to announce the formation of a joint venture company White Lite Pty Ltd (White Lite), to design, produce and distribute emergency lighting products.
White Lite will be owned equally by Gerard Lighting Pty Ltd, a wholly-owned subsidiary of GLG, and Jeta Investments Pty Ltd, majority owner of White-Lite (NSW) Pty Ltd, a NSW-based manufacturer of quality emergency lighting and exit signs.
The joint venture is effective from 30th July 2010. In establishing the joint venture company, GLG will contribute approximately $650,000 and provide the company with access to its sales and distribution network. White Lite will trade as GLG’s Emergency Lighting Centre of Excellence located at White Lite’s facility at Mount Kuring-Gai, NSW.
“This exciting joint venture will allow both companies to leverage their respective strengths and work seamlessly towards greater market presence and improved customer offering through synergies in product, technological innovation and market penetration, “said Mr Jason Gerard, Group General Manager, Intelligent Lighting Products, GLG. “White Lite will benefit from White-Lite (NSW) Pty Ltd’s pedigree and credibility in emergency lighting stretching back some fifty years as well as its stable, proven technology including LED and monitoring systems, its engineering expertise and systems integration support. “This will be further strengthened by Gerard Lighting’s extensive sales and marketing experience, nationwide market coverage and logistics and distribution capability. “Collectively, it is envisaged that the joint venture will benefit from synergies across product ranges and the resulting economies of scale from increases in unit sales,” said Mr Gerard.
The joint venture aims to influence the structural evolution of the emergency lighting industry through its ability to launch innovative solutions to a broad geographical market in a timely and professional manner. The joint venture will also allow for a focused “Centre of Excellence” in Emergency Lighting Systems supporting both White-Lite and Gerard Lighting Group business entities.
For further information please contact – Jason A. Gerard (Group General Manager, Intelligent Lighting Products) Gerard Lighting Pty Ltd on (08) 8139 7366.